The Nasdaq index delivered a return of 20%, -8%, 30%, and 14% over four successive years. What is the arithmetic average annual return per year? A. 15.75% B. 14.00% C. 16.32% D. 14.85%

Survey of Accounting (Accounting I)
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ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.2MBA
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The Nasdaq index delivered a return of 20%, -8%, 30%, and 14% over four
successive years. What is the arithmetic average annual return per year?
A. 15.75%
B. 14.00%
C. 16.32%
D. 14.85%
Transcribed Image Text:The Nasdaq index delivered a return of 20%, -8%, 30%, and 14% over four successive years. What is the arithmetic average annual return per year? A. 15.75% B. 14.00% C. 16.32% D. 14.85%
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